How to Calculate Legal Fees & Stamp Duty when Buying a Property?

Everyone would like to buy a property, either for own stay or for an investment. However, do you know that on top of the property price, you have to pay a substantial amount of money for legal or lawyer fees and stamp duty?

Legal fees is payable to the appointed lawyer who will prepare Sale & Purchase Agreement between purchaser and vendor. On other hand, Stamp Duty which also known as Memorandum Of Transfer (MOT) is payable to the government & collected by Lawyer on behalf of the government.

If you are buying a house either cash or loan, the procedure is similar except that you don’t to request for loan. For auction property, you have to prepare sufficient money in form of bank draft for the bidding.

I’m not sure if we are allow to do title transfer without hiring a lawyer, but if it is allowed, I still prefer lawyer to do that to avoid a lot of hassle & they know what to do it properly.

Hi There, I have a similar question as Kevin..My property is 385k. based on your calculator I need to pay RM12,366.20, therefore I would need to top up the stamp duty for loan agreement which is (Loan value: RM346500) =RM 1732.50 . So for the Grand TOTAL lawyer fee for both SPA & Loan agreement will be RM 12366.20+RM1732.50=RM 14098.70 roughly?? Correctly me if Im wrong?

The calculator already include stamp duty on loan. Keep in mind this figure is just a guide, the actual figure may change depending on the local law requirement and necessary additional charges by the lawyer.

I bought a house recently and i saw the quotation of the lawyer fees. There is professional fee for SnP and another professional fee for loan agreement. If I use your calculator, it only include the SnP fee. Is this common to have both fees?

I’ve applied for a bank loan amounting to RM513800 and I’m being charged an amount of RM7579 for the bank loan agreement legal fees and stamp duty. Is this rate considered normal and is there further discount I can request? If so, how should the discount be requested (by items or from the overall grand total) and how much of discount is considered normal for this rate?

Additionally, the breakdown of my bank loan agreement legal fees and stamp duty charges are as follows. Comparing with your loan calculator, the legal fees and stamp duties seems almost the same, but I’m being charged about RM1k for other expenses. Are these norm?